New government should Speed up Thai-EU trade agreement Thai exports may lose market share in the European Union (EU) to neighboring ASEAN countries in the near future, if the EU can conclude bilateral trade deals with them. Thai exports to major markets are under pressure from the escalating trade war, which is likely to linger…
BKK passenger arrivals expected to surge to 200,000 a day in October Amid gloomy forecasts and predictions for Thailand’s tourist industry, some good news out of the country’s largest airport, Suvarnabhumi Airport in Bangkok. The number of passengers arriving at Suvarnabhumi Airport in Bangkok is expected to rise to 200,000 a day when the ‘winter…
Kasikorn Bank lowers 2019 GDP growth forecast to 3.1% Kasikorn Research Center (KResearch) has adjusted its expected GDP growth figure this year, lowering it from 3.7 to 3.1 percent, following Bank of Thailand lowering estimates from 3.8% to 3.3% Kasikorn Research Center (KResearch) has adjusted its expected GDP growth figure this year, lowering it from…
Weakening Thai Economy Suggests Trouble for Asia’s Top Assets June is shaping up to be one of the best months for investors in Thailand as the nation’s currency, bonds and stocks outperform in Asia, but the market rally now faces formidable economic and political risks. MARKET HIGHLIGHTS The benchmark SET Index has risen almost 7%,…
Heroleads Thailand expands regional footprint with acquisition of Bdigital Indonesia Data-driven performance marketing company Heroleads (Thailand) has spread its wings to Indonesia by acquiring Bdigital, a local digital marketing agency, to form Heroleads Indonesia. The aim is to expand Heroleads digital performance solutions business for both medium and large enterprises to Indonesia and replicate the…
Thailand’s automotive production expected to reach 2.2 million This year, the Ministry of Industry expects that 2.2 million cars will be manufactured in Thailand, comprising 1.1 million cars for domestic sales and another 1.1 million cars for export. BANGKOK, 27 June 2019 (NNT) – Car sales this year are likely to go up thanks to…
Myth: Strong baht deterring western tourists to Thailand The rise and rise of the Thai Baht, and it’s pushing through the 31.05 to the US Dollar barrier on Wednesday, tops off a turbulent decade of current movement against some of the western currencies. The decade’s currency rise has also been matched by a meteoric explosion…
Thailand enters 5G technology era Thailand is leading the ASEAN community in 5G technology beginning with Chulalongkorn University and the Eastern Economic Corridor project from next year. The Thai Government’s National Broadcasting and Telecommunications Commission (NBTC) says it wants Thailand to be one of the first Asian countries to make the jump to 5G. Thailand is…
Thailand to fight counterfeit product sales online Any buyers who want to report pirated or counterfeit products being sold online can contact the Department of Intellectual Property hotline on 1368. Thailand’s Department of Intellectual Property is cooperating with a famous online shopping website owner to resolve and prevent counterfeit product sales online. Customers are now…
Tesco looks to open 750 new convenience stores in Thailand Tesco, the UK’s largest retailer, has announced that it could grow its business in Thailand by opening 750 new convenience-style stores. There are currently1,583 Tesco stores in Thailand. Tesco’s Asian investment plunge will likely target the Chinese and South Korean markets as well. The Thai subsidiary, Tesco…